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Conservatives win big majority in UK election

BBC – Business Matters

 

BBC considers the economic and business implications of the Conservatives’ resounding UK election win. The BBC’s Rob Young is in Derby in the English east Midlands to gauge business reaction there. Also in the programme, after months of negotiations, the US and China announce a preliminary trade agreement. The so-called phase one deal will see billions of dollars in tariffs removed or delayed. Mary Lovely, a trade economist at the Peterson Institute for International Economics in Washington DC, explains the significance of the deal. Plus, Chris Low of FTN Financial in New York sums up how global markets greeted the news. And the BBC’S Deborah Weitzman tells us why Brits are spending more of their hard earned cash on takeaway food, rather than cooking at home.
All this and more discussed with two guests on opposite sides of the Pacific: Tony Nash, chief economist at Complete Intelligence in Houston and Peter Ryan, ABC’s Senior Business Correspondent, in Sydney.

 

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News Articles

US-China trade war could slash almost 1 million jobs from the US economy, new study says

08 February 2019
Figure could rise to more than 2 million should US President Donald Trump impose 25 per cent tariffs on all Chinese exports. The research from Washington-based consultancy Trade Partnership Worldwide has been paid for by the pro-free trade lobbying group Tariffs Hurt the Heartlands
Read the rest on the story in South China Morning Post
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News Articles

US initiative would fail to contain China and put allies at risk

09 January 2019
The January 5 edition of the South China Morning Post reported that the US passed the Asia Reassurance Initiative Act (ARIA) to reaffirm and reassure its “allies” that America is committed to protecting and promoting democracy in the Asia-Pacific. To do so, America will spend US$1.5 billion annually for five years to “show its presence” and increase “freedom of navigation operations” (FNOPs).
Read the rest of the story in Asia Times
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Editorials

Trump, TPP, yuan SDR make US-China Joint Commission trade talks a very different scene

22 November 2016 | CNBC

As the annual trade talks U.S.-China Joint Commission on Commerce and Trade (JCCT) gets underway in Washington D.C., the backdrop could hardly be more different from a year ago.

 

In 2015, each side in the series of annual meetings that cover everything from agriculture to cybersecurity had its own policy advantages, and policy continuity was the result of years of work by both sides.

Just a year ago, enthusiasm for the Trans-Pacific Partnership (TPP) also remained strong, with an official signing ceremony in Auckland, New Zealand, just months away. The agreement was positioned as America’s last, best hope to stay relevant in Asia’s economies.

 

And by design, the agreement positioned China as an outsider in its own neighborhood, instead of lining Asian countries up behind aging American assumptions around trade, intellectual property, and services in the world’s fastest-growing region.

Read more in CNBC